In addition to information on the acquisition of cryptocurrency, the candidate participating in the election will have to explain the source of funds for such a transaction.

The State Duma adopted a law obliging election participants to disclose information about their spending on the acquisition of digital financial assets (DFA) and digital currency.

According to new rules, candidates participating in elections are required to provide information about their expenses, the expenses of their spouse (spouse) and minor children for each transaction for the acquisition of CFA and digital currency over the past three years, if the transaction amount exceeds the total income of the candidate and his wife (spouse) for three years prior to the transaction. Information about the sources of funds for such a transaction must also be provided.

The Law will enter into force 10 days after its official publication.

Regulation of cryptocurrencies in Russia

18 In February, the Ministry of Finance submitted to the government a draft law on the regulation of cryptocurrencies. Then public discussions began. According to the proposal of the Ministry of Finance, the use of digital currencies as a means of payment in Russia will continue to be prohibited. The bill defines the requirements for exchanges and exchangers that can carry out activities related to the organization of the circulation of digital currencies. To do this, it is proposed to create a special register of operators. circulation of private digital currency in the country. The draft law provides for a ban on the organization of the issuance of cryptocurrency and its circulation, as well as on the dissemination of information about it. The draft also prohibits banks and other financial market participants from owning private digital currencies.

Deputy Prime Minister Dmitry Chernyshenko approved a roadmap that proposes regulation of cryptocurrencies, not their ban, customer identification, responsibility for the illegal circulation of digital assets, as well as the development of a methodology for assessing the value of cryptocurrencies. Representatives of the Ministry of Finance, the Ministry of Economic Development, the Prosecutor General’s Office, Rosfinmonitoring, the Federal Security Service, the Ministry of Internal Affairs, the Federal Tax Service, the Ministry of Digital Development and the Bank of Russia took part in the development of the roadmap.

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